Max Healthcare Institute Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Low debt relative to equity (D/E 0.3x)
Concerns
- ✗High premium to book value (P/B 8.9x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| SUNPHARMA Sun Pharmaceutical Industries Limited | ₹1,783 | ₹4.3L Cr | 34.4 | 5.12 | 16 | 20.5 | 0.07 |
| DIVISLAB Divi's Laboratories Limited | ₹6,616 | ₹1.7L Cr | 66.1 | 10.48 | 16.5 | 22 | 0.01 |
| TORNTPHARM Torrent Pharmaceuticals Limited | ₹4,416 | ₹1.5L Cr | 66.4 | 17.81 | 27.6 | 15.4 | 0.33 |
| APOLLOHOSP Apollo Hospitals Enterprise Limited | ₹8,315 | ₹1.2L Cr | 59.5 | 12.62 | 22.1 | 17.9 | 0.88 |
| CIPLA Cipla Limited | ₹1,402 | ₹1.1L Cr | 27.3 | 3.29 | 12.4 | 16.6 | 0.01 |
| ZYDUSLIFE Zydus Lifesciences Limited | ₹1,091 | ₹1.1L Cr | 20 | 4.05 | 21.2 | 21.2 | 0.38 |
| DRREDDY Dr. Reddy's Laboratories Limited | ₹1,283 | ₹1.1L Cr | 25.4 | 2.83 | 11.8 | 13.6 | 0.16 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MAXHEALTH · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 23.75% | 23.75% | 23.74% | 23.74% | 23.74% | 23.74% |
| FII | 60.69% | 57.33% | 56.99% | 57.29% | 56.93% | 54.74% |
| DII | 11.55% | 14.96% | 15.36% | 15.14% | 15.55% | 17.59% |
| Public | 3.99% | 3.97% | 3.91% | 3.84% | 3.77% | 3.94% |
Corporate Events
To consider and approve the financial results for the quarter and financial year ended March 31, 2026 and dividend
Dividend - Rs 1.50 Per Share
Dividend - Rs 1.5 Per Share
Dividend - Re 1 Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.1K Cr ▼3.1% | ₹2.1K Cr ▲5.3% | ₹2.0K Cr ▲6.2% | ₹1.9K Cr ▲2.2% | ₹1.9K Cr ▲9.4% | ₹1.7K Cr ▲10.6% | ₹1.5K Cr ▲8.4% | ₹1.4K Cr |
| Op. Profit | ₹538 Cr ▼6.4% | ₹575 Cr ▲9.9% | ₹523 Cr ▲2.1% | ₹512 Cr ▲2.6% | ₹499 Cr ▲10.6% | ₹451 Cr ▲16.5% | ₹387 Cr ▲1.3% | ₹382 Cr |
| OPM | 26.0% ▼3.7% | 27.0% ▲3.8% | 26.0% ▼3.7% | 27.0% ▲0.0% | 27.0% ▲3.8% | 26.0% ▲4.0% | 25.0% ▼7.4% | 27.0% |
| Net Profit | ₹301 Cr ▼38.7% | ₹491 Cr ▲59.4% | ₹308 Cr ▼3.4% | ₹319 Cr ▲33.5% | ₹239 Cr ▼15.2% | ₹282 Cr ▲19.5% | ₹236 Cr ▼6.3% | ₹252 Cr |
| EPS (₹) | 3.09 ▼38.8% | 5.05 ▲59.3% | 3.17 ▼3.4% | 3.28 ▲33.3% | 2.46 ▼15.2% | 2.9 ▲19.3% | 2.43 ▼6.2% | 2.59 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹8.4K Cr ▲19.1% | ₹7.0K Cr ▲30.0% | ₹5.4K Cr ▲18.5% | ₹4.6K Cr ▲15.9% | ₹3.9K Cr ▲57.0% | ₹2.5K Cr ▲136.8% | ₹1.1K Cr ▼37.4% | ₹1.7K Cr ▼2.2% | ₹1.7K Cr ▲7.5% | ₹1.6K Cr |
| Expenses | ₹6.1K Cr ▲18.4% | ₹5.2K Cr ▲32.4% | ₹3.9K Cr ▲17.8% | ₹3.3K Cr ▲11.3% | ₹3.0K Cr ▲42.1% | ₹2.1K Cr ▲117.7% | ₹965 Cr ▼37.1% | ₹1.5K Cr ▼5.0% | ₹1.6K Cr ▲10.2% | ₹1.5K Cr |
| Op. Profit | ₹2.2K Cr ▲21.3% | ₹1.8K Cr ▲23.8% | ₹1.5K Cr ▲20.3% | ₹1.2K Cr ▲30.5% | ₹951 Cr ▲133.7% | ₹407 Cr ▲333.0% | ₹94 Cr ▼39.7% | ₹156 Cr ▲38.1% | ₹113 Cr ▼19.9% | ₹141 Cr |
| OPM | 27.0% ▲3.8% | 26.0% ▼7.1% | 28.0% ▲3.7% | 27.0% ▲12.5% | 24.0% ▲50.0% | 16.0% ▲77.8% | 9.0% ▲0.0% | 9.0% ▲28.6% | 7.0% ▼22.2% | 9.0% |
| Other Income | ₹114 Cr ▲39.0% | ₹82 Cr ▼53.7% | ₹177 Cr ▲27.3% | ₹139 Cr ▲26.4% | ₹110 Cr ▲190.2% | ₹-122 Cr ▼354.2% | ₹48 Cr ▼14.3% | ₹56 Cr ▼13.8% | ₹65 Cr ▲10.2% | ₹59 Cr |
| Interest | ₹235 Cr ▲42.4% | ₹165 Cr ▲175.0% | ₹60 Cr ▼28.6% | ₹84 Cr ▼16.8% | ₹101 Cr ▼43.6% | ₹179 Cr ▲115.7% | ₹83 Cr ▼17.8% | ₹101 Cr ▲2.0% | ₹99 Cr ▼1.0% | ₹100 Cr |
| Depreciation | ₹447 Cr ▲24.5% | ₹359 Cr ▲46.5% | ₹245 Cr ▲5.6% | ₹232 Cr ▲5.0% | ₹221 Cr ▲27.0% | ₹174 Cr ▲278.3% | ₹46 Cr ▼55.3% | ₹103 Cr ▲9.6% | ₹94 Cr ▼2.1% | ₹96 Cr |
| PBT | ₹1.7K Cr ▲19.2% | ₹1.4K Cr ▲3.0% | ₹1.4K Cr ▲28.3% | ₹1.1K Cr ▲44.0% | ₹739 Cr ▲1171.0% | ₹-69 Cr ▼630.8% | ₹13 Cr ▲62.5% | ₹8 Cr ▲153.3% | ₹-15 Cr ▼400.0% | ₹5 Cr |
| Tax % | 14.0% ▼41.7% | 24.0% ▲4.3% | 23.0% ▲675.0% | -4.0% ▼122.2% | 18.0% ▼73.1% | 67.0% ▲6800.0% | -1.0% ▼101.0% | 102.0% ▲56.9% | 65.0% ▲127.5% | -236.0% |
| Net Profit | ₹1.4K Cr ▲34.0% | ₹1.1K Cr ▲1.7% | ₹1.1K Cr ▼4.2% | ₹1.1K Cr ▲82.5% | ₹605 Cr ▲538.4% | ₹-138 Cr ▼333.9% | ₹59 Cr | ₹0 Cr ▲100.0% | ₹-25 Cr ▼256.3% | ₹16 Cr |
| EPS (₹) | 14.82 ▲33.9% | 11.07 ▲1.7% | 10.88 ▼4.3% | 11.37 ▲82.2% | 6.24 ▲539.4% | -1.42 ▼229.1% | 1.1 ▲1933.3% | -0.06 ▲87.2% | -0.47 ▼262.1% | 0.29 |
| Div Payout | 13.0% ▼7.1% | 14.0% ▲0.0% | 14.0% ▲55.6% | 9.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹972 Cr ▲0.0% | ₹972 Cr ▲0.0% | ₹972 Cr ▲0.1% | ₹971 Cr ▲0.1% | ₹970 Cr ▲0.4% | ₹966 Cr ▲79.9% | ₹537 Cr ▲0.0% | ₹537 Cr ▲0.0% | ₹537 Cr ▲0.0% | ₹537 Cr |
| Reserves | ₹9.1K Cr ▲8.0% | ₹8.4K Cr ▲13.1% | ₹7.4K Cr ▲15.5% | ₹6.4K Cr ▲21.2% | ₹5.3K Cr ▲13.7% | ₹4.7K Cr ▲131.8% | ₹2.0K Cr ▲373.2% | ₹426 Cr ▼32.1% | ₹627 Cr ▼4.3% | ₹655 Cr |
| Borrowings | ₹3.3K Cr ▲8.8% | ₹3.0K Cr ▲131.7% | ₹1.3K Cr ▲88.5% | ₹689 Cr ▼24.5% | ₹913 Cr ▼17.1% | ₹1.1K Cr ▲25.8% | ₹875 Cr ▼12.8% | ₹1.0K Cr ▲2.2% | ₹981 Cr ▲12.2% | ₹874 Cr |
| Other Liabilities | ₹3.0K Cr ▲5.7% | ₹2.8K Cr ▲21.9% | ₹2.3K Cr ▲14.5% | ₹2.0K Cr ▲0.5% | ₹2.0K Cr ▲10.5% | ₹1.8K Cr ▲230.2% | ₹546 Cr ▼60.7% | ₹1.4K Cr ▲20.1% | ₹1.2K Cr ▲7.1% | ₹1.1K Cr |
| Total Liabilities | ₹16.3K Cr ▲7.2% | ₹15.2K Cr ▲26.6% | ₹12.0K Cr ▲18.8% | ₹10.1K Cr ▲9.9% | ₹9.2K Cr ▲7.6% | ₹8.5K Cr ▲115.0% | ₹4.0K Cr ▲18.5% | ₹3.4K Cr ▲1.6% | ₹3.3K Cr ▲5.0% | ₹3.1K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹11.8K Cr ▲2.8% | ₹11.5K Cr ▲30.9% | ₹8.8K Cr ▲24.8% | ₹7.0K Cr ▲0.3% | ₹7.0K Cr ▲7.4% | ₹6.5K Cr ▲668.0% | ₹851 Cr ▼61.2% | ₹2.2K Cr ▼1.6% | ₹2.2K Cr ▼0.8% | ₹2.2K Cr |
| CWIP | ₹1.2K Cr ▲36.1% | ₹901 Cr ▲62.9% | ₹553 Cr ▲119.4% | ₹252 Cr ▲66.9% | ₹151 Cr ▲459.3% | ₹27 Cr ▼3.6% | ₹28 Cr ▼67.8% | ₹87 Cr ▲128.9% | ₹38 Cr ▼17.4% | ₹46 Cr |
| Investments | ₹5 Cr ▲66.7% | ₹3 Cr ▲50.0% | ₹2 Cr ▲100.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▼100.0% | ₹2.2K Cr ▲218100.0% | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹3.2K Cr ▲15.9% | ₹2.8K Cr ▲4.5% | ₹2.7K Cr ▼5.3% | ₹2.8K Cr ▲39.1% | ₹2.0K Cr ▲2.0% | ₹2.0K Cr ▲116.9% | ₹913 Cr ▼15.1% | ₹1.1K Cr ▲3.8% | ₹1.0K Cr ▲21.0% | ₹856 Cr |
| Total Assets | ₹16.3K Cr ▲7.2% | ₹15.2K Cr ▲26.6% | ₹12.0K Cr ▲18.8% | ₹10.1K Cr ▲9.9% | ₹9.2K Cr ▲7.6% | ₹8.5K Cr ▲115.0% | ₹4.0K Cr ▲18.5% | ₹3.4K Cr ▲1.6% | ₹3.3K Cr ▲5.0% | ₹3.1K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.6K Cr ▲11.9% | ₹1.5K Cr ▲30.0% | ₹1.1K Cr ▼12.6% | ₹1.3K Cr ▲73.3% | ₹741 Cr ▲528.0% | ₹118 Cr ▲53.2% | ₹77 Cr ▼13.5% | ₹89 Cr ▼46.4% | ₹166 Cr ▲6.4% | ₹156 Cr |
| Investing CF | ₹-1.7K Cr ▼4.6% | ₹-1.6K Cr ▼28.8% | ₹-1.3K Cr ▼1128.4% | ₹-102 Cr ▲86.6% | ₹-764 Cr ▼470.9% | ₹206 Cr ▲107.8% | ₹-2.6K Cr ▼15435.3% | ₹-17 Cr ▲86.3% | ₹-124 Cr ▼19.2% | ₹-104 Cr |
| Financing CF | ₹59 Cr ▲136.0% | ₹-164 Cr ▲37.9% | ₹-264 Cr ▲8.7% | ₹-289 Cr ▲1.7% | ₹-294 Cr ▼253.9% | ₹191 Cr ▼91.9% | ₹2.4K Cr ▲3279.7% | ₹-74 Cr ▼54.2% | ₹-48 Cr ▲0.0% | ₹-48 Cr |
| Net Cash Flow | ₹4 Cr ▲101.3% | ₹-319 Cr ▲19.2% | ₹-395 Cr ▼144.2% | ₹893 Cr ▲381.7% | ₹-317 Cr ▼161.4% | ₹516 Cr ▲345.7% | ₹-210 Cr ▼10400.0% | ₹-2 Cr ▲66.7% | ₹-6 Cr ▼250.0% | ₹4 Cr |
| Free Cash Flow | ₹165 Cr ▼67.0% | ₹500 Cr ▲46.2% | ₹342 Cr ▼64.1% | ₹952 Cr ▲395.8% | ₹192 Cr ▲19100.0% | ₹1 Cr ▲107.7% | ₹-13 Cr ▲51.9% | ₹-27 Cr ▼127.0% | ₹100 Cr ▲143.9% | ₹41 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42d ▲16.7% | 36d ▲16.1% | 31d ▲14.8% | 27d ▼25.0% | 36d ▼32.1% | 53d ▲60.6% | 33d ▼57.7% | 78d ▲32.2% | 59d ▲11.3% | 53d |
| Inventory Days | 23d ▼11.5% | 26d ▲0.0% | 26d ▼13.3% | 30d ▲25.0% | 24d ▼29.4% | 34d ▼20.9% | 43d ▲65.4% | 26d ▲8.3% | 24d ▲20.0% | 20d |
| Days Payable | 175d ▼12.5% | 200d ▼3.4% | 207d ▼3.7% | 215d ▲23.6% | 174d ▼36.5% | 274d ▼4.2% | 286d ▼2.1% | 292d ▲28.6% | 227d ▲23.4% | 184d |
| Cash Conv. Cycle | -110d ▲20.3% | -138d ▲7.4% | -149d ▲5.7% | -158d ▼38.6% | -114d ▲39.0% | -187d ▲11.0% | -210d ▼11.7% | -188d ▼30.6% | -144d ▼29.7% | -111d |
| Working Capital Days | -41d ▲12.8% | -47d ▼9.3% | -43d ▲6.5% | -46d ▼91.7% | -24d ▲45.5% | -44d ▲67.9% | -137d ▲9.9% | -152d ▼533.3% | -24d ▼100.0% | -12d |
| ROCE | 15.0% ▲0.0% | 15.0% ▼6.3% | 16.0% ▲6.7% | 15.0% ▲25.0% | 12.0% ▲71.4% | 7.0% ▲75.0% | 4.0% ▼33.3% | 6.0% ▲50.0% | 4.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Max Healthcare Institute Limited
Max Healthcare Institute Limited is primarily engaged in the providing healthcare services through primary care clinics, multi-speciality hospitals / medical centres and super-speciality hospitals providing operation and management, medical services, clinical, radiology, pathology services and related healthcare services. [1]
Healthcare · Healthcare Services